Tucker Asset Management LLC Grows Position in McDonald’s Co. (NYSE:MCD)

Tucker Asset Management LLC grew its stake in shares of McDonald’s Co. (NYSE:MCD) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,911 shares of the fast-food giant’s stock after acquiring an additional 45 shares during the period. McDonald’s makes up approximately 0.2% of Tucker Asset Management LLC’s portfolio, making the stock its 25th largest position. Tucker Asset Management LLC’s holdings in McDonald’s were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MCD. Richardson Financial Services Inc. purchased a new position in McDonald’s in the 4th quarter valued at approximately $911,000. Fortis Group Advisors LLC grew its holdings in McDonald’s by 38.4% in the fourth quarter. Fortis Group Advisors LLC now owns 2,101 shares of the fast-food giant’s stock valued at $607,000 after purchasing an additional 583 shares during the last quarter. Northwest Bank & Trust Co purchased a new position in shares of McDonald’s in the fourth quarter valued at $968,000. Vima LLC acquired a new position in shares of McDonald’s during the 4th quarter worth $147,000. Finally, Creekmur Asset Management LLC acquired a new position in shares of McDonald’s during the 4th quarter worth $387,000. 70.29% of the stock is owned by institutional investors and hedge funds.

McDonald’s Trading Down 0.0 %

NYSE:MCD traded down $0.12 on Friday, hitting $253.58. 2,806,560 shares of the stock were exchanged, compared to its average volume of 3,355,420. The stock has a fifty day moving average of $265.90 and a 200-day moving average of $281.32. The stock has a market cap of $182.75 billion, a PE ratio of 21.53, a PEG ratio of 2.86 and a beta of 0.71. McDonald’s Co. has a fifty-two week low of $245.73 and a fifty-two week high of $302.39.

McDonald’s (NYSE:MCD) last posted its earnings results on Tuesday, April 30th. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01). The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 180.74% and a net margin of 33.36%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $2.63 EPS. As a group, analysts predict that McDonald’s Co. will post 12.17 earnings per share for the current year.

McDonald’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $1.67 per share. The ex-dividend date is Monday, June 3rd. This represents a $6.68 annualized dividend and a dividend yield of 2.63%. McDonald’s’s payout ratio is 56.71%.

Analyst Upgrades and Downgrades

MCD has been the subject of several recent research reports. BMO Capital Markets dropped their target price on shares of McDonald’s from $335.00 to $330.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. KeyCorp dropped their price objective on shares of McDonald’s from $315.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. UBS Group reduced their target price on McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a research note on Friday, April 5th. Evercore ISI reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Bank of America cut their price target on McDonald’s from $302.00 to $288.00 and set a “neutral” rating for the company in a report on Tuesday, May 28th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, McDonald’s has an average rating of “Moderate Buy” and an average price target of $315.14.

Insider Buying and Selling

In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the transaction, the executive vice president now directly owns 19 shares of the company’s stock, valued at $5,225.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, EVP Jonathan Banner sold 800 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $275.02, for a total value of $220,016.00. Following the completion of the transaction, the executive vice president now owns 19 shares in the company, valued at approximately $5,225.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 1,098 shares of McDonald’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the sale, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. In the last three months, insiders sold 4,096 shares of company stock valued at $1,127,678. Company insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.